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Journalize the entries to record the following selected bond investment transactions for Dip, Inc. You MUST use the accounts outlined in the Chapter 15

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Journalize the entries to record the following selected bond investment transactions for Dip, Inc. You MUST use the accounts outlined in the Chapter 15 narrated PowerPoint presentations - the accounts in your textbook aren't descriptive enough. Journal entry descriptions are not required. Date 4/1/2022 Transaction Description Purchased for cash, $50,000 of Bump, Inc. 9% bonds at 100 plus accrued interest. The bonds pay interest on January 31st and July 31st. Received the semiannual interest payment. Sold $20,000 of bonds at 104 plus accrued interest. 7/31/2022 10/31/2022 12/31/2022 Accrued interest. 12/31/2022 12/31/2023 Marked the debt investments to a market value of $34,000. The debt investments are classified as available for sale investments. Market the debt investments to a market value of $31,000. The debt investments are classified as available for sale investments.

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